Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This unit describes the skills and knowledge required to strategically manage finances directly linked to organisational performance as defined in a strategic plan. It includes designing systems to accommodate accounting, budgeting, cash flow analysis and financial planning for a small organisation or a business unit of a large organisation.
It applies to individuals in positions of responsibility who use a range of specialist and managerial techniques to assess requirements, and prepare, plan and review their work and that of others.

4.1 Use financial reporting systems to evaluate organisational performance against agreed performance indicators, and enable timely adjustments to be made to business investments

4.2 Monitor financial reports and systems to ensure ease of use by staff authorised to manage organisation’s finances

Learning Outcomes

Details of Learning Activities

This unit describes the skills and knowledge required to strategically manage finances directly linked to organisational performance as defined in a strategic plan.

It includes designing systems to accommodate accounting, budgeting, cash flow analysis and financial planning for a small organisation or a business unit of a large organisation.It applies to individuals in positions of responsibility who use a range of specialist and managerial techniques to assess requirements, and prepare, plan and review their work and that of others.

The unit goes over 16 weeks, each class is of 3 hours.

Teaching Schedule

Date

Week

Detail

.

Assessment

3-Jul-17

Week 1

Outline of course, Introduction to the accounting system, ethics

10-Jul-17

Week 2

Fraud & internal control

17-Jul-17

Week 3

Design of an accounting system

24-Jul-17

Week 4

Transaction processing

31-Jul-17

Week 5

Reckon - introduction

7-Aug-17

Week 6

Revenue cycle

14-Aug-17

Week 7

Reckon - revenue cycle

21-Aug-17

Week 8

Reckon - expenditure cycle

Assess 1, Part 1

MCQ, wks 1 to 7

28-Aug-17

Mid Semester Break

4-Sep-17

Week 9

Expenditure cycle

11-Sep-17

Week 10

Payroll cycle

18-Sep-17

Week 11

Reckon - Payroll cycle

Assess 2, Case Study released

25-Sep-17

Week 12

Reckon - BAS

2-Oct-17

Week 13

Budgets - prepare in Excel and enter to Qbks

9-Oct-17

Week 14

Work on major assessment

16-Oct-17

Week 15

Work on major assessment

Assess 1, Part 2

MCQ, wks 8 to 14

Assess 2 due in

23-Oct-17

Week 16

Resits

Learning Resources

Prescribed Texts

References

Other Resources

Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence

Evidence of the ability to:

determine organisational requirements and design parameters for a financial system

explain accounting and bookkeeping practices required for financial control

outline the key features to be considered in financial system design

explain the key features of organisational administrative systems and practices

explain cost-benefit analysis

outline reporting and auditing requirements for business

explain the types and characteristics of systems, technology and software required to manage the functions of an organisation

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the organisational skills field of work and include access to:

common office equipment, technology, software and consumables

an integrated financial software system and data

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.

Feedback

Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.

Assessment Tasks

Complete two on line multi choice assessments. Each will consist of twenty questions and you need to have a 100% to achieve competency. You will be allowed multiple attempts, Your grade will be reduced each time you re-attempt the quiz. Each assessment will have a weighting of 20% of your final grade ie the two multi choice assessments will have a weighting of 40% of the unit final grade for the unit.

You will also be required to do a case study. You will be given the details of business and you will be required to suggest an appropriate business structure, a software package, the chart of accounts and the reports that may be required. This case study will have a weighting of 60% of the unit's final grade.

 When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.

 Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10. &lt;Add any additional requirements&gt;

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based asessment is completed by the due dates. If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days. &lt;check links are still current&gt;

More Information: http://www.rmit.edu.au/students/assessment/extension

Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf

Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. &lt;check links are still current&gt;

More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w

Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf

Resubmissions (VET Programs):

If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website: &lt;check link is still current&gt;

More Information:

http://rmit.edu.au/browse;ID=7usdbki1fjf31

Marking Guide (Competency):

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying. You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

Final Grades table:

CHD Competent with High Distinction

CDI Competent with Distinction

CC Competent with Credit

CAG Competency Achieved – Graded

NYC Not Yet Competent

DNS Did Not Submit for assessment

Further information regarding the application of the grading criteria will be provided by your teacher.